According to reports from Astdak, the President of the Hong Kong Monetary Authority, Yu Weiwen, has once again discussed stablecoins, stating that with the recent hype surrounding the concept of stablecoins, there has been an excessive exuberance in the market. Some listed companies, regardless of whether their main business is related to stablecoins or digital assets, have seen their stock prices soar and trading volumes surge simply by claiming an intention to explore stablecoin business, effectively turning "stone into gold" and significantly enhancing their visibility. The Monetary Authority has previously made it clear that, at the initial stage, it will only issue a few stablecoin licenses at most, and hopes that investors will remain calm and think independently while digesting the market's "positive" news. Additionally, according to Zhito Finance, the Hong Kong Monetary Authority will release a summary of the rules for stablecoin issuers next week.